AUDI FINANCE

[Mrbaker84]

Does anyone know what Audi's lending criteria? Are they still using Auto score 8 and which bureau?

[lhcole77]

If Audi operates the same as VW, FICO 8 Autos are used. 720--740+ get best terms. I have VW Financial experience and got best terms in 2015 with 720+. 2018 required 730+. And I have read other posts that now say 740. VW is big on TU here in Calif.

ETA: I just read some other Audi posts on here from 2017 and 2018 and it seems they may be more lenient than above. Not sure if my info is helpful 

[njcobra10tha]

I leased an Audi S4 in December 2020 they pulled all 3 (EQ,TU,EX).

[Mrbaker84]

Thanks for the feedback. 

[jpmanciniii]

I run Audi Dealer. Audi uses tiers based on score range. Tier 1 is 700+. They will use highest score of ANY of the bureaus. They have really good financing for business, allow u to pay payments in advance, and have fairly competitive rates. If you have bad credit their rates are extremely generous if you can get approved. 

[Mrbaker84]

Thanks for the info. Is that Fico 8 700+?

[jpmanciniii]

Yes. Auto. 

[Mrbaker84]

Thanks

[MirandaCe]

So I used MyFico to get a better grasp on Audi Financing so even though this is late I want to put it here for help to future people researching. My credit score ranges based on pulled, and at the moment my DTI is about 28% but I have little credit card lines so I tend to show high usuage. I went to Audi because my boyfriend drives an S6 and has had Audi's since he was 16. He wanted me to test drive something there before I got into a Benz. Mercedes wouldn't Finance me without a co-signer, which I bought a house without one so I was a little Po'd. I test drove the new Q3 Premium Plus and fell in love. Side note the Benz GLB was cheaper than the Audi Q3 Premium Plus. This was also for a lease not finance. They pulled TU and Experian FICO 8

When I tell you it was the easiest car I have bought, I will never not drive a Audi because the process was semless. I went test drove a few cars. Left the dealership, did my credit app online on a Saturday, they called me Monday to let me know I was approved. No Co-signer needed. My payment was about 25 bucks higher than negotiated but expected that with credit score/history. I e-signed everything online so when I went to the dealership they needed 3 wet signatures and that was it. I was in and out of the dealership in literally 20 mins. If you have semi-ok credit with some bad on it I would def recommend giving Audi a Try. It is also a good idea to find a Salesman who cares and will fight for you so if you can build a good relationship with someone you can buy cars from for years to come, like our Audi guy. 

[AKGolfer62]

To all,

Here are some datapoints from 2 days ago based on personal experience.  I asked for "Audi Financing Services"

and was very diligent about not running a ton of inquiries.  With that being said, the dealership did initally pull

under their AUDI dealership name against EQ and EX FICO AUTO 8 Score.  I even went through the trouble of 

showing them my current AUTO FICO 8 scores from that day so they had a great idea about their choices rather

than pulling.

People, please don't make the mistake of trusing just your FICO 8, FICO 9 score.  Do you research and figure out

the actual number they are pulling.  Either way, Approved for an AUDI Q8 55 Prestige with all the options. 

A day or two later, I did have two hard pulls.  1 from the dealership and 1 from VW Credit.  Obvisouly this will

consolidate in 45 days and should show as 1 pull but it did not change my score at all.

Biggest thing to consider here is your DTI and score factors.  Anything in the 740+ tier will get you great financing.

I ended up at 2.99% for 72 months on $111,000.